308/3 Tannock Street, Balwyn North VIC 3104

308/3 Tannock Street, Balwyn North VIC 3104
Top-floor 2/2/1 | Opposite Greythorn Village | 77m² with balcony | High-yield rental demand | Compact but convenient This top-floor apartment offers a rare configuration in Balwyn North, a suburb more often associated with detached family homes. With two bathrooms a balcony and secure parking it delivers low-maintenance living that appeals strongly to downsizers and professional couples. Being opposite Greythorn Village and moments from Westfield Doncaster provides daily convenience and the unit’s compact footprint makes it more accessible. Rental demand appears consistent, supported by the current asking rent and the property’s prime location. The lack of a confirmed compass aspect means sunlight may vary by orientation affecting buyer appeal. As part of a large site this apartment offers no land content so capital growth may rely on market demand for compact units in established suburbs. Its top-floor position and proximity to shops might mitigate this but ongoing body corporate fees should be clarified before purchase.
Detailed Independent Property Report prepared  by PropCred Analyst team for 308/3 Tannock Street, Balwyn North VIC 3104
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Balwyn North is a premium, family-oriented suburb in Melbourne’s inner east, underpinned by strong educational catchments and a high-income professional demographic. Demand is driven by families seeking quality schooling, sustaining a high-value housing market. Recent price trends show stability in houses but variability in units, with sales volumes solid but days on market indicating some buyer caution. Future growth is linked to its enduring appeal to affluent families, though high price points and sensitivity to economic conditions present constraints on broader affordability and momentum.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2166m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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